Week 7: New Business Model & Lean Start-Up

     Well, this week was alright. To be honest this was one of the weeks I was not looking forward to. I wouldn't label myself a business oriented person, and so learning about business models and start up stuff was difficult. But, something Alexander Osterwalder said in his "A Better Way To Think About Business" article was interesting to me. To paraphrase he pointed out how the Business Model Canvas was a far less complicated way of laying a business out, and that it helped Nespresso turn around their business. I like to keep it simple, so if I ever start a business (I am very doubtful I will), I would prefer to use this more simple way of creating one. 

    Sharpening my own business skills will help others because I will have a better understanding of how a business works and can spot the weak areas of a business more easily. Which means I could help fix those weak spots and make the business even better. I don't know what business skills are most important. If I had to take a stab in the dark at it I'd say understanding how to use your budget efficiently. My husband works at a privately owned childcare facility, and the owner uses business expenses to buy themselves tickets to concerts and expensive cars. The facility is struggling of course, in large part because the business's budget isn't being used wisely. So, in my limited experience I'd say that. 

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